The loan is the largest commercial PACE transaction in Texas. The vehicle provides up to 100% financing for owners who implement energy-efficiency and water reduction projects within existing buildings.

EXECS

Brant Brown, chief financial officer and chief operating officer of Westmount Realty Capital, was appointed to the board of directors for the Association for Corporate Growth DFW Chapter. Brown will serve as the director of private equity real estate for ACG DFW.

Miami-based One Real Estate Investment purchased The Vibe at Landry Way at 7412 Ederville Road in Fort Worth. Marcus & Millichap’s Tommy Lovell brokered the sale with the help of Kapp Morrison’s Stuart Kapp.

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Marcus & Millichap sold Meadow Ridge, a 484-unit property in Fort Worth, and Arborstone, a 536-unit property in Dallas. Marcus & Millichap’s Al Silva had the exclusive listing to market both properties on behalf of two separate Texas-based sellers.

LEASES

C-III will occupy two floors totaling 57K SF at The Towers at Williams Square at 5221 North O’Connor Blvd. in Las Colinas. NAI Robert Lynn’s Tom Lynn and Zach Stevens represented C-III Asset Management in the renegotiation and extension. Hillwood’s Bill Brokaw represented the landlord.

The Irving Music Factory at Las Colinas will stagger openings of its concert and retail concepts starting Labor Day weekend. The Pavilion, the indoor/outdoor concert venue, will open first on Aug. 31 followed by 25 restaurant and entertainment concepts debuting weekly until a grand opening on Dec. 8.

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Courtesy of M2G Ventures

Fort Worth's Foundry District

M2G Ventures will expand The Foundry District with Phase 2 of Wheelhouse to break ground in August. The development will add 9K SF of industrial creative workspaces, a great room and open entries to Inspiration Alley. It will deliver in February 2018.

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In addition, M2G Ventures will start construction on 212 Carroll in the Fort Worth’s Foundry District in late August 2017. The design will have chef-driven cuisine with patios, coffee and workspaces and retail. The spaces will open up to a public micropark. It will deliver in January 2018.